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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: IQBAL LATIF who wrote (36550)1/31/2001 1:25:21 PM
From: James C. Mc Gowan  Read Replies (2) | Respond to of 50167
 
Hello IKE: today is a big day. I just saw a graphic on financial channel which showed that, since Greenspan has been Fed Chair, he has never exceeded 1/2 cut on any one occasion; always 1/4 or 1/2.
So, rather than do something unprecedented, at least in terms of his historical record, would it not make sense that he would cut the 1/2 that all expect,and he has telegraphed, and also announce the continuation of this more aggressive cutting to follow?
Just trying to add to the handicapping<gggggg>
Thanks for continuing to write your fine analysis.
I read every day.
Regards,
James